Caterpillar Inc (CAT) Debt to Equity (2009 - 2026)

Caterpillar (CAT) posted quarterly Debt to Equity of $1.07 for Q1 2026, up 12.44% year-over-year from $0.95 in Q1 2025, and up 113.35% on a QoQ basis from $0.5 in Q4 2025.

Caterpillar Inc (CAT) Debt to Equity (2009 - 2026) Analysis & Trends

Caterpillar (CAT) has reported Debt to Equity for 18 consecutive years, with $1.07 the latest figure, recorded in Q1 2026.

  • In Q1 2026, Debt to Equity rose 12.44% year-over-year to $1.07; the TTM figure through Mar 2026 stood at $1.07 (up 12.44% YoY), while the FY2025 annual figure was $0.5, down 69.14% from the prior year.
  • Debt to Equity came in at $1.07 for Q1 2026 at Caterpillar, up from $0.5 in the prior quarter.
  • The five-year high for Debt to Equity was $1.99 in Q4 2022, with the low at $0.5 in Q4 2025.
  • Average Debt to Equity over 5 years is $1.02, with a median of $0.95 recorded in 2025.
  • Across the five-year window, Debt to Equity surged 70.67% in 2024 and plunged 69.14% in 2025, its largest moves.
  • Year by year, Debt to Equity stood at $1.99 in 2022, then dropped by 25.1% to $1.49 in 2023, then grew by 9.08% to $1.63 in 2024, then slumped by 69.14% to $0.5 in 2025, then soared by 113.35% to $1.07 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $1.07, $0.5, and $0.83 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

Historic Data

Download Data
DateValue
Mar 31, 2026 1.07
Dec 31, 2025 0.50
Sep 30, 2025 0.83
Jun 30, 2025 1.01
Mar 31, 2025 0.95
Dec 31, 2024 1.63
Sep 30, 2024 0.64
Jun 30, 2024 0.90
Mar 31, 2024 1.40
Dec 31, 2023 1.49
Sep 30, 2023 0.78
Jun 30, 2023 0.52
Mar 31, 2023 0.85
Dec 31, 2022 1.99
Sep 30, 2022 0.61
Jun 30, 2022 1.06
Mar 31, 2022 1.18
Dec 31, 2021 1.90
Sep 30, 2021 0.78
Jun 30, 2021 1.18